Nintendo Co., Ltd.
CONSOLIDATED FINANCIAL HIGHLIGHTS
January 30, 2013
Nintendo Co., Ltd.
11-1 Kamitoba hokotate-cho,
Minami-ku, Kyoto 601-8501
Japan
Consolidated Results for the Nine Months Ended December 2011 and 2012
(1) Consolidated operating results
(Amounts below one million yen are rounded down)
Net sales
Operating income
million yen
%
543,033 (2.4)
556,166 (31.2)
Nine months ended December 31, 2012
Nine months ended December 31, 2011
million yen
(5,857)
(16,408)
Ordinary income
million yen
22,756
(66,027)
%
-
Net income
million yen
14,545
(48,351)
%
-
%
-
[Note] Percentages for net sales, operating income etc. show increase (decrease) from the same period of the previous fiscal year.
Net income per share
yen
113.75
(378.10)
Nine months ended December 31, 2012
Nine months ended December 31, 2011
(2) Consolidated financial positions
As of December 31, 2012
As of March 31, 2012
Total assets
Net assets
million yen
1,588,585
1,368,401
million yen
1,209,280
1,191,025
Capital adequacy
ratio
%
76.1
87.0
Dividends
Year ended March 31, 2012
Year ending March 31, 2013
End of 1st quarter
yen
-
End of 2nd quarter
yen
0.00
0.00
Dividend per share
End of 3rd quarter
yen
-
Annual
Year-end
yen
yen
100.00
100.00
100.00
100.00
Net income
Net income
per share
Year ending March 31, 2013
(forecast)
Consolidated Financial Forecast for the Fiscal Year Ending March 31, 2013
Net sales
Year ending March 31, 2013
million yen
%
670,000
3.5
Operating income
million yen
(20,000)
%
-
Ordinary income
million yen
20,000
%
-
million yen
14,000
[Notes] This forecast is changed from the forecast in the report of "Consolidated Financial Highlights" released on Oct. 24, 2012.
Percentages for net sales, operating income etc. show increase (decrease) from the last fiscal year.
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%
-
yen
109.48
Nintendo Co., Ltd.
Others
(1) Changes for important subsidiaries during the nine-month period ended December 31, 2012
: Not applicable
(2) Application of peculiar methods for accounting procedures
: Applicable
[Notes] Please refer to "3. Other Information: Application of peculiar methods for accounting procedures" at page 3 for details.
(3) Changes in accounting procedures:
1) Related to accounting standard revisions etc.
2) Other changes
3) Changes in accounting estimates
4) Modified restatements
: Applicable
: Not applicable
: Applicable
: Not applicable
[Notes] Please refer to "3. Other Information: Changes in accounting procedures" at page 3 for details.
(4) Outstanding shares (common shares)
① Number of shares outstanding (including treasury stock)
As of Dec. 31, 2012 :
141,669,000 shares
② Number of treasury stock
As of Dec. 31, 2012 :
13,792,161 shares
③ Average number of shares
Nine months ended
127,877,370 shares
Dec. 31, 2012 :
As of March 31, 2012 :
141,669,000 shares
As of March 31, 2012 :
13,791,286 shares
Nine months ended
Dec. 31, 2011 :
127,878,563 shares
[Notes]
1. This earnings release report is not subject to audit procedures based on the Financial Instruments and Exchange Act. At the time of disclosure of this report, the audit
procedures for the financial statements are in progress.
2. Forecasts announced by the Company (Nintendo Co., Ltd.) referred to above were prepared based on management's assumptions with information available at this time
and therefore involve known and unknown risks and uncertainties. Please note such risks and uncertainties may cause the actual results to be materially different from the
forecasts (earnings forecast, dividend forecast, and other forecasts). As for the information related to the forecasts, please refer to "Notice of Full-Year Financial Forecast
Modifications" released today, on January 30, 2013.
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Nintendo Co., Ltd.
1. Consolidated Operating Results
Nintendo continues to pursue its basic strategy of “Gaming Population Expansion” by offering compelling products
that anyone can enjoy, regardless of age, gender or gaming experience.
During the nine months ended December 31, 2012, for the “Nintendo 3DS” hardware (3DS and 3DS XL), “Nintendo
3DS XL,” with screens approximately 1.9 times larger than those of “Nintendo 3DS,” was launched as a new size
variation of “Nintendo 3DS” in Japan and Europe in July, and in the U.S. in August. As regards the “Nintendo 3DS”
software, “New Super Mario Bros. 2,” released in Japan in July, and in the U.S. and Europe in August, marked a total
of 5.96 million units in worldwide sales. In addition, “Animal Crossing: New Leaf,” a game in which the player
character becomes the mayor of a village and can enjoy customizing the village and communicating with other player
characters, sold well in both packaged and downloadable formats. This title was released in Japan in November and
became a hit title with 2.73 million units sold in total. Furthermore, Nintendo’s evergreen titles, such as “SUPER
MARIO 3D LAND” and “Mario Kart 7,” released last fiscal year, kept selling steadily. With significant contributions
from these titles, the “Nintendo 3DS” hardware and software reached worldwide sales of 12.71 and 39.56 million units
respectively.
Regarding the “Nintendo DS” (DS, DS Lite, DSi and DSi XL), the latest titles from the Pokémon series, “Pokémon
Black Version 2/ Pokémon White Version 2,” released in Japan in June, and in the U.S. and Europe in October, reached
a total of 7.63 million units in sales. However, the worldwide sales of the “Nintendo DS” hardware and software were
only 2.15 million units and 30.24 million units respectively due to an accelerated generational change to “Nintendo
3DS” in the handheld device segment.
A new home console “Wii U,” with which people can enjoy two-screen gameplay by utilizing a TV and the Wii U
controller, “Wii U GamePad,” was launched as the successor of “Wii,” in the U.S. and Europe in November, and in
Japan in December. As for the “Wii U” software, “New Super Mario Bros. U” and “Nintendo Land,” both of which
were released simultaneously with the “Wii U” hardware, sold 2.01 and 2.33 million units respectively. The worldwide
sales of the “Wii U” hardware were 3.06 million units and those of the “Wii U” software were 11.69 million units.
With respect to the “Wii” system, although “Mario Party 9,” the latest title in the Mario Party series, sold over one
million units, the sales of the “Wii” hardware and software were 3.53 and 45.08 million units worldwide respectively,
mainly due to few new title releases.
Affected by the yen appreciation against the Euro during this nine-month period and the above results, among other
factors, net sales were 543 billion yen (of which overseas sales were 360.7 billion yen or 66.4% of the total sales).
Owing to the fact that the “Wii U” hardware sales have a negative impact on Nintendo’s profits, the operating loss was
5.8 billion yen. As a result of exchange gains totaling 22.2 billion yen due to the depreciation of the yen at the end of
calendar year 2012, however, ordinary income was 22.7 billion yen and net income was 14.5 billion yen.
2. Consolidated Financial Forecast
The financial forecast announced on October 24, 2012 has been revised.
Please refer to "Notice of Full-Year Financial Forecast Modifications" released today, on January 30, 2013, for details.
3. Other Information
Application of peculiar methods for accounting procedures
With respect to certain consolidated subsidiaries, corporate income tax amount is calculated by taking the amount of
income before income taxes through the nine-month period ended December 31, 2012 multiplied by reasonably
estimated annual effective tax rate with the effects of deferred taxes reflected.
Changes in accounting procedures
Following the revision of the Corporation Tax Act, Nintendo and its domestic consolidated subsidiaries have computed
depreciation by the method on the basis of the revised Corporation Tax Act over property, plant and equipment
acquired on or after April 1, 2012 since the three-month period ended June 30, 2012.
Its impact is immaterial on operating loss, ordinary income and income before income taxes and minority interests.
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Nintendo Co., Ltd.
4. Consolidated Balance Sheets
million yen
Description
As of Mar. 31, 2012
As of Dec. 31, 2012
(Assets)
Current assets
Cash and deposits
Notes and accounts receivable-trade
462,021
508,745
43,378
171,159
496,301
438,331
Inventories
78,446
126,853
Other
62,788
84,079
Allowance for doubtful accounts
(2,149)
(1,209)
Short-term investment securities
Total current assets
1,140,786
1,327,960
87,856
86,588
Noncurrent assets
Property, plant and equipment
Intangible assets
Investments and other assets
7,706
9,391
132,052
164,646
227,615
260,625
1,368,401
1,588,585
86,700
271,343
Income taxes payable
1,008
3,263
Provision
2,565
716
65,164
80,541
155,438
355,865
14,444
14,965
Total noncurrent assets
Total assets
(Liabilities)
Current liabilities
Notes and accounts payable-trade
Other
Total current liabilities
Noncurrent liabilities
Provision
Other
Total noncurrent liabilities
Total liabilities
7,493
8,474
21,937
23,440
177,376
379,305
10,065
10,065
(Net assets)
Shareholders' equity
Capital stock
Capital surplus
Retained earnings
11,734
11,734
1,419,784
1,421,541
(156,682)
Treasury stock
1,284,901
Total shareholders' equity
(156,690)
1,286,651
Accumulated other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Total accumulated other comprehensive income
1,570
3,728
(95,528)
(81,226)
(93,957)
(77,497)
81
126
Total net assets
1,191,025
1,209,280
Total liabilities and net assets
1,368,401
1,588,585
Minority interests
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Nintendo Co., Ltd.
5. Consolidated Statements of Income
million yen
Description
Nine months ended Dec. 31, 2011
Nine months ended Dec. 31, 2012
Net sales
556,166
543,033
Cost of sales
425,064
415,781
Gross profit
131,101
127,251
Selling, general and administrative expenses
147,509
133,108
Operating income (loss)
(16,408)
(5,857)
Interest income
Foreign exchange gains
Other
5,975
1,393
4,222
22,225
3,154
Total non-operating income
7,369
29,602
340
469
2,440
447
Non-operating income
Non-operating expenses
Sales discounts
Loss on redemption of securities
53,725
Foreign exchange losses
482
Other
56,988
Total non-operating expenses
Ordinary income (loss)
(66,027)
71
989
22,756
Extraordinary income
Gain on sales of noncurrent assets
49
-
Total extraordinary income
49
-
72
22
Extraordinary loss
Loss on disposal of noncurrent assets
Soil removal expenses
-
380
Total extraordinary loss
72
402
(66,051)
22,354
Income (loss) before income taxes and minority interests
Total income taxes
(17,674)
7,743
Income (loss) before minority interests
(48,376)
14,610
Minority interests in income (loss)
Net income (loss)
(25)
64
(48,351)
14,545
6. Consolidated Statements of Comprehensive Income
million yen
Description
Nine months ended Dec. 31, 2011
Income (loss) before minority interests
Nine months ended Dec. 31, 2012
(48,376)
14,610
(926)
2,160
(29,599)
14,297
Other comprehensive income
Valuation difference on available-for-sale securities
Foreign currency translation adjustment
Share of other comprehensive income of associates
accounted for using equity method
(0)
(1)
Total other comprehensive income
(30,525)
16,456
Comprehensive income
(78,902)
31,066
(78,876)
31,005
(25)
60
(Comprehensive income attributable to)
Comprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests
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Nintendo Co., Ltd.
7. Others
(1) Consolidated sales information
million yen
Category
Electronic
entertainment
products
Other
Nine months ended Dec. 31, 2011
Hardware
Software
Total electronic entertainment products
Playing cards, Karuta, etc.
Total
Nine months ended Dec. 31, 2012
339,469
215,466
554,935
1,230
344,748
197,101
541,849
1,183
556,166
543,033
million yen
(2) Geographical sales breakdown
Nine months ended
December 31, 2012
Nine months ended
December 31, 2011
Japan
The Americas
Europe
Other
Total
Net sales
182,320
201,075
142,968
16,668
543,033
Component
ratio
33.6%
37.0%
26.3%
3.1%
100.0%
Net sales
120,927
214,684
194,328
26,226
556,166
Component
ratio
21.7%
38.6%
34.9%
4.8%
100.0%
million yen
(3) Other consolidated information
Nine months ended
December 31, 2011
Year ending March 31, 2013
(Forecast)
1 USD =
6,962
38,892
62,866
79.01 yen
8,068
39,127
49,070
80.00 yen
12,000
55,000
70,000
82.50 yen
1 Euro =
110.64 yen
102.17 yen
106.63 yen
2.5 billion
1.7 billion
2.4 billion
2.3 billion
1.4 billion
3.2 billion
-
Depreciation of property, plant and equipment
Research and development expenses
Advertising expenses
Average exchange rates
Nine months ended
December 31, 2012
Consolidated net sales in U.S. dollars
Consolidated net sales in Euros
Non-consolidated purchases in U.S. dollars
(4) Balance of major assets and liabilities in foreign currencies influenced by exchange rate fluctuations (non-consolidated)
million U.S. dollars/euros
USD
Euro
Cash and deposits
Accounts receivable-trade
Accounts payable-trade
Cash and deposits
Accounts receivable-trade
As of Mar. 31, 2012
Balance
Exchange rate
1,226
1 USD =
295
82.19 yen
312
1,576
1 Euro =
109.80 yen
262
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As of Dec. 31, 2012
Balance
Exchange rate
2,635
1 USD =
1,472
86.58 yen
1,529
313
1 Euro =
802
114.71 yen
As of Mar. 31, 2013
Estimated exchange rate
1 USD =
90.00 yen
1 Euro =
120.00 yen
Nintendo Co., Ltd.
(5) Consolidated sales units, number of new titles, and sales units forecast
Nintendo DS
Hardware
Software
New titles
Nintendo 3DS
of which Nintendo 3DS XL
Hardware
Hardware
Software
New titles
Hardware
Wii
Software
New titles
Wii U
Hardware
Software
New titles
Japan
The Americas
Other
Total
Japan
The Americas
Other
Total
Japan
The Americas
Other
Japan
The Americas
Other
Total
Japan
The Americas
Other
Total
Japan
The Americas
Other
Total
Japan
The Americas
Other
Japan
The Americas
Other
Total
Japan
The Americas
Other
Total
Japan
The Americas
Other
Japan
The Americas
Other
Total
Japan
The Americas
Other
Total
Japan
The Americas
Other
Actual
Apr. - Dec. '11
21
235
208
464
605
2,780
1,735
5,120
54
107
113
360
415
368
1,143
810
997
997
2,804
67
74
68
84
408
404
896
840
4,649
3,418
8,906
31
123
116
-
Actual
Apr. - Dec. '12
1
192
22
215
447
1,622
955
3,024
11
44
65
504
398
369
1,271
281
197
227
705
1,608
1,348
1,001
3,956
84
65
67
24
185
145
353
396
2,425
1,687
4,508
10
46
56
83
132
90
306
148
640
382
1,169
15
37
29
Sales Units in Ten Thousands
Number of New Titles Released
Forecast
Life-to-date
Apr. '12-Mar. '13
Dec. '12
3,299
5,968
6,100
15,367
230
21,138
38,998
32,919
93,055
3,300
1,839
1,715
2,081
1,088
997
899
2,984
1,500
281
197
227
705
2,938
3,006
2,554
8,499
5,000
197
171
176
1,269
4,755
3,914
9,938
400
7,347
47,444
31,562
86,353
5,000
457
1,221
1,213
83
132
90
306
400
148
640
382
1,169
1,600
15
37
29
[Notes]
1
2
3
4
5
6
7
Nintendo DS means Nintendo DS, Nintendo DS Lite, Nintendo DSi and Nintendo DSi XL.
Software sales units and the number of new titles for Nintendo DS do not include those of Nintendo DSiWare.
Software sales units and the number of new titles for Nintendo 3DS are those of Nintendo 3DS card software (packaged and downloadable versions).
Software sales units and the number of new titles for Wii do not include those of Virtual Console and WiiWare.
Software sales units and the number of new titles for Wii U are those of Wii U disc software (packaged and downloadable versions).
Actual software sales units of each platform include the quantity bundled with hardware.
While forecasted software sales units include the quantity bundled with hardware for nine months ended December 31, 2012,
they do not include the quantity to be bundled with hardware on and after January 1, 2013.
8 "New titles - Other" sections count the number of new titles released only in Europe on and after April 1, 2012.
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